Destinator Technologies Inc. Appoints Non-Executive Directors Following New US$ 7.5 Million Investment.TORONTO, Canada -- Destinator Technologies Inc., a leading navigation software company, today announces the appointment of John Varghese and Minyi Tang tang, in zoology tang: see butterfly fish. as non-executive board directors following new multi-million dollar investment in the company. John Varghese is Chairman of VentureLink LP., the Toronto-based venture capital firm with over $260 million under management. VentureLink provides debt and equity for companies in technology, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and alternative energy sectors. The VentureLink Diversified Income Fund recently invested US$ 4.5 million in Destinator. Mr Varghese is responsible for the management and investment activities of the VentureLink funds, as well as actively leading the marketing initiatives of the firm. He has extensive experience serving on the boards of both public and private companies. Prior to joining VentureLink, Mr Varghese was the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of JV Venture Partners Ltd., a firm that invests in high growth companies and specializes in advisory, strategy and corporate restructuring. He has also held senior positions at eLab Technologies and Royal Bank Ventures Inc and senior operational and financial roles within a number of multi-national corporations. Minyi Tang is Managing Director, Pac-Link Ventures, the Greater China-focused venture capital firm, who recently completed an US$ 3 million investment in Destinator, which has announced plans to strengthen its research and development facilities in the region. Pac-Link has also invested in other navigation-related companies such as Global Locate, which was recently acquired by Broadcom (BRCM BRCM Broadcom Corporation (stock abbreviation, AMEX) BRCM Master Chief Boilermaker (USN rating) ). Previously, Minyi was General Manager of Silicon Valley Bank's China operation, where she built and led a team that worked closely with both US and Chinese venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. and technology companies. She has also held a number of senior positions in other venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] and, after beginning her career with Nortel, worked as an equities analyst. Destinator Technologies' Chief Executive Officer, Brian Barry Brian Barry (born 1936) is a contemporary moral and political philosopher. He was educated at the University of Oxford, obtaining the degrees of M.A. and D.Phil. Along with David Braybrooke, Richard E. said: "We very much welcome John and Minyi's vast experience, sector knowledge and highly proactive approach to their investee companies. The investments by VentureLink and Pac-Link, as well as John and Minyi's participation, continue to strengthen Destinator's leadership position in the navigation and location based services markets. The investment will be used for research, product development and marketing." About Destinator Technologies Destinator Technologies makes navigation easier for mobile people: It develops and distributes navigation solutions for use on mobile devices. Important information in terms of location and destination is available anytime, anywhere on, for example, a PND (Personal Navigation Device) A portable GPS-based navigation system that can be used when walking, hiking or in any vehicle. See GPS. , PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). or Smartphone to suit the individual requirements of any user. To this end, Destinator Technologies cooperates with leading hardware and mobile communications suppliers. Founded in 2003, Destinator Technologies is one of the leading companies in the mobile navigation market. The company maintains offices in USA, Canada, Germany, Israel, Taiwan and China. |
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